Jigar Cables Ltd
- Market Cap ₹ 56.3 Cr.
- Current Price ₹ 80.0
- High / Low ₹ 99.8 / 35.8
- Stock P/E 37.3
- Book Value ₹ 28.1
- Dividend Yield 0.00 %
- ROCE 7.72 %
- ROE 5.89 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 90.0 to 69.8 days.
Cons
- Stock is trading at 2.99 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.99% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Cables Industry: Cables - Power
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 1.12 | 19.66 | 20.17 | 12.07 | 13.30 | 11.12 | 27.12 | 41.38 | 86.14 | |
| 0.99 | 18.47 | 19.23 | 11.38 | 12.66 | 10.37 | 25.23 | 39.63 | 83.03 | |
| Operating Profit | 0.13 | 1.19 | 0.94 | 0.69 | 0.64 | 0.75 | 1.89 | 1.75 | 3.11 |
| OPM % | 11.61% | 6.05% | 4.66% | 5.72% | 4.81% | 6.74% | 6.97% | 4.23% | 3.61% |
| 0.02 | 0.14 | 0.50 | 0.51 | 0.45 | 0.36 | 0.13 | 0.21 | 0.22 | |
| Interest | 0.12 | 0.53 | 0.40 | 0.37 | 0.22 | 0.32 | 0.35 | 0.26 | 0.98 |
| Depreciation | 0.03 | 0.39 | 0.49 | 0.43 | 0.39 | 0.37 | 0.32 | 0.29 | 0.27 |
| Profit before tax | 0.00 | 0.41 | 0.55 | 0.40 | 0.48 | 0.42 | 1.35 | 1.41 | 2.08 |
| Tax % | 14.63% | 25.45% | 47.50% | 25.00% | 21.43% | 25.93% | 28.37% | ||
| 0.03 | 0.35 | 0.41 | 0.20 | 0.36 | 0.33 | 0.99 | 1.01 | 1.51 | |
| EPS in Rs | 0.07 | 0.50 | 0.58 | 0.28 | 0.51 | 0.47 | 1.41 | 1.44 | 2.14 |
| Dividend Payout % | 0.00% | 0.00% | 34.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 46% |
| TTM: | 174% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 41% |
| TTM: | 44% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 48% |
| 1 Year: | 89% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 5% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.50 | 7.03 | 7.03 | 7.03 | 7.03 | 7.03 | 7.03 | 7.03 | 7.03 |
| Reserves | 0.83 | 6.24 | 6.48 | 6.68 | 7.04 | 7.37 | 8.36 | 11.86 | 12.72 |
| 5.07 | 3.41 | 2.89 | 2.98 | 3.48 | 3.49 | 4.68 | 4.28 | 3.05 | |
| 0.43 | 0.36 | 2.07 | 4.46 | 0.86 | 1.06 | 1.70 | 0.94 | 2.87 | |
| Total Liabilities | 10.83 | 17.04 | 18.47 | 21.15 | 18.41 | 18.95 | 21.77 | 24.11 | 25.67 |
| 1.11 | 2.55 | 2.63 | 2.16 | 2.20 | 1.98 | 1.74 | 1.65 | 1.75 | |
| CWIP | 0.26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.05 | 0.05 | 1.05 | 1.05 | 1.05 | 1.05 | 1.05 | 1.05 | 1.05 |
| 9.41 | 14.44 | 14.79 | 17.94 | 15.16 | 15.92 | 18.98 | 21.41 | 22.87 | |
| Total Assets | 10.83 | 17.04 | 18.47 | 21.15 | 18.41 | 18.95 | 21.77 | 24.11 | 25.67 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| -0.77 | -3.42 | 3.19 | -0.46 | 0.31 | 0.71 | 0.00 | -1.42 | |
| -0.12 | -4.46 | -2.50 | 0.61 | -0.36 | -0.30 | -0.74 | -0.37 | |
| 0.45 | 7.48 | -0.64 | -0.68 | 0.19 | -0.31 | 0.87 | 1.82 | |
| Net Cash Flow | -0.43 | -0.39 | 0.05 | -0.53 | 0.14 | 0.10 | 0.13 | 0.04 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 668.08 | 44.56 | 83.79 | 141.22 | 69.43 | 112.91 | 87.35 | 69.77 |
| Inventory Days | 2,850.22 | 103.25 | 66.04 | 202.32 | 233.49 | 317.96 | 158.99 | 112.34 |
| Days Payable | 118.09 | 3.96 | 27.82 | 160.04 | 21.14 | 34.88 | 20.33 | 4.45 |
| Cash Conversion Cycle | 3,400.21 | 143.84 | 122.01 | 183.50 | 281.79 | 395.99 | 226.01 | 177.67 |
| Working Capital Days | 2,551.74 | 168.95 | 130.84 | 266.72 | 258.79 | 373.21 | 223.41 | 172.09 |
| ROCE % | 7.02% | 5.62% | 4.59% | 4.09% | 4.18% | 8.85% | 7.72% |
Documents
Announcements
- Outcome Of Board Meeting - Half Yearly Financial Results 11 Nov
-
Board Meeting Intimation for Approval Of Half Year Ended Financial Results
5 Nov - Board meeting to approve financial results.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Oct - Certificate under Regulation 74(5) for Q3 2024.
-
Closure of Trading Window
27 Sep - Closure of trading window due to regulations.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
27 Sep - Scrutinizer's report for 8th AGM of Jigar Cables.
Business Overview:[1][2]
Company is a manufacturer of SIGMA
brand electric wires & cables in India and
is also carrying out trading of solar panel
and equipment as non-strategic activity.
JCL has a Wholly Owned Subsidiary Company under the name of Jigar Polymers Limited, for the manufacturing of PVC and XLPE for backward integration of all major raw materials required in the manufacturing of its products.